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Bowtown Road
Delaware, OH 43015
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B
What's Special
9.66 +/- acres of vacant land with approvals for 75 townhomes <ul><li>9.66 +/- acres of residential development land with approvals for 75 townhomes</li><li>Zoned R-MF (multi-family residential)</li><li>Strong potential for residential growth and development</li><li>Option to purchase nearby site (780 Vernon Ave) with approval for 113 townhomes</li><li>Adjacent to existing Village Gates apartment community</li><li>Near schools, shopping, and local amenities (Conger Elementary, Oakland Nursery, Meeker’s Venue)</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
